November job ads signals “sharp rebound imminent”

06 December 2021

 

Summary:  Job ads up 7.4% in November; 52.5% higher than same month in 2020; “sharp rebound” in employment “imminent”; 44.2% above pre-pandemic reading; ads-to-workforce ratio slightly higher at 1.6%. From mid-2017 onwards, year-on-year growth rates in the total number of Australian job advertisements consistently exceeded 10%. That was until mid-2018 when the annual growth rate fell back markedly. 2019 was notable for its reduced employment advertising and this trend continued...

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